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BEL Fuse (BELFA) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · BEL Fuse (BELFA) Q3 2026 earnings results →

Q3 2026 Revenue up 23% year over year to $221M · 12¢ of every $1 of revenue kept as net profit · operating margin 17.9%

BEL Fuse made $221M in Q3 2026 (+23% Y/Y): Industrial Technology and Data Solutions Segment $114M, Aerospace, Defense, and Rugged Solutions Segment $107M. Operating margin 17.9%, net earnings $26.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$221M

Year over year+23%

Operating margin17.9%

Net earnings$26.3M

Operating cash flow$34.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $220.5M in Q3 2026, up 23% year over year and up 5% from the previous quarter. Industrial Technology and Data Solutions Segment was the largest line at 52% of revenue. Industrial Technology and Data Solutions Segment added $31.2M year over year (up 38%), 75% of the total change.

Gross margin was 40.9%, up 1.2 points from Q3 2025. Operating profit was $39.6M, a 17.9% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 22% reached operating profit, above the 17% margin then. Operating expenses grew 24% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+455%). Net earnings were $26.3M, up 18% year over year. The effective tax rate was 17.7%.

Operating cash flow was $34.2M (up 54% year over year), 89% of net income including minority interests. Non-cash charges added back $7.3M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $14.5M. Capital expenditures of $6.1M left free cash flow of $28.0M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 3, 2026	$221M	+23%	17.9%	$26.3M	$34.2M
Q2 2026	10-Q	Aug 4, 2026	$211M	+25%	18.2%	$25.5M	$17.9M
Q1 2026	10-Q	May 5, 2026	$178M	+17%	13.3%	$11.4M	$13.8M
Q4 2025	10-K	Feb 24, 2026	$176M	+17%	14.7%	$6.4M	$29.6M
Q3 2025	10-Q	Nov 4, 2025	$179M	+45%	16.9%	$22.2M	$22.2M
Q2 2025	10-Q	Jul 31, 2025	$168M	+26%	17.7%	$26.9M	$20.7M
Q1 2025	10-Q	May 1, 2025	$152M	+19%	16.4%	$17.9M	$8.1M

Charts

Latest (Q3 2026): Y/Y +23%, Q/Q +5%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $38.4M, Operating cash flow $34.2M.